Jump to content
House Price Crash Forum
Sign in to follow this  
pootle

Property Firm....gets Out Of Property

Recommended Posts

Clickity linkity

Eddie Stobart Sold To Property Firm

The UK's best known road haulage firm, Eddie Stobart, has been sold for £138m. The company, famous for its 900-strong fleet of green and red trucks, is being bought by former property group Westbury.

Westbury is planning to transform itself

into a combined transport and logistics business.

The merged business will be renamed Stobart Group, with Eddie Stobart's current owners, Andrew Tinkler and William Stobart, staying with the enlarged group.

Eddie Stobart was founded in 1970 and now operates from 27 sites across the UK, as well as one in Belgium.

Its main bases are in Carlisle, Warrington and Daventry.

Mr Tinkler and Mr Stobart - the brother of original founder Eddie - will hold 28.5% of the new company following the merger.

The pair worked for railway infrastructure firm WA Developments before buying the struggling haulage firm in 2004.

The new business will combine the road transport, warehouse and rail freight operations of Eddie Stobart with Westbury's growing ports and logistics business.

The aim is to create a company able to give customers access to road, rail and sea networks.

Westbury has also announced the acquisition of Widnes-based freight handling firm O'Connor for £23m alongside the Eddie Stobart merger.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.